The typical owner-occupied home in Reynolds is worth about $167,300, 33% below the North Dakota median of $249,900 and 50% below the national median of $332,700. Owners pay a median $2,023 a year in property taxes, about 1.21% of their home's value, higher than the North Dakota rate of 0.99%. The median household earns $93,750 a year, so the median home costs 1.8 times the median income (3.3 times for North Dakota). 89% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Reynolds at a glance
| Reynolds | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $167,300 | $249,900 | $332,700 |
| Median property tax paid per year | $2,023 | $2,468 | $3,119 |
| Property tax as a share of value | 1.21% | 0.99% | 0.94% |
| Median household income | $93,750 | $76,657 | $80,734 |
| Homes lived in by their owners | 89% | 63% | 65% |
| Owner homes with a mortgage | 68% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,475 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 18.8% | 19.4% | 21.0% |
| Median rent | $1,650 | $954 | $1,413 |
| Rent as a share of renters' income | 13.9% | 25.0% | 30.6% |
| Median year homes were built | 1970 | 1982 | 1980 |
| Vacant homes | 0.7% | 12.3% | 10.1% |
| Population | 349 | 784,841 | 334,922,499 |
What a typical home costs per month in Reynolds
At this week's average 30-year rate of 7.11%, buying the median Reynolds home of $167,300 with 20% down costs about $1,139 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,417, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $48,804 for the 20%-down payment. That payment is 15% of the median Reynolds household income of $93,750; at that income and 20% down, the 28% guideline points to a home of about $321,000.
The median rent here is $1,650 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $33,460 |
|---|---|
| Loan amount | $133,840 |
| Principal and interest | $900 |
| Property taxes (1.21% a year) | $169 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| PMI | $0 |
| Total per month | $1,139 |
Change the numbers in the calculator
| Down payment | $5,856 |
|---|---|
| Loan amount | $164,270 |
| Principal and interest | $1,105 |
| Property taxes (1.21% a year) | $169 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| FHA mortgage insurance | $74 |
| Total per month | $1,417 |
Change the numbers in the calculator
Questions about home buying in Reynolds
What is the median home value in Reynolds?
About $167,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Reynolds?
Homeowners pay a median $2,023 a year, which is about 1.21% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Reynolds?
For the median home with 20% down at 7.11%, the payment is about $1,139 a month. Keeping that under 28% of gross income takes about $48,804 a year.
More about Reynolds
- Mortgage Refinance in Reynolds
- Debt Relief in Reynolds
- Home Equity Loans in Reynolds
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data